Gold prices in Yemen see relative decline amid exchange rate divergence
SANAA, Feb. 16 (YPA) – gold prices in Yemeni markets recorded a notable relative decline on Monday amidst a wave of economic shifts.
The most traded categories, specifically 21-karat gold, saw a decrease in their purchasing value.
This downturn comes as a significant price gap and clear disparity in exchange rates persist between the capital, Sanaa, and Aden.
This has led to varying figures recorded at jewelry stores across the two cities as follows:
Sanaa
| Item | Buy (YER) | Sell (YER) |
| Gold Sovereign | 589 | 595 |
| 21K Gold (per gram) | 73,000 | 76,000 |
Aden
| Item | Buy (YER) | Sell (YER) |
| Gold Sovereign | 1,789,300 | 1,821,100 |
| 21K Gold (per gram) | 221,500 | 231,000 |
The vast difference in nominal figures is attributed to the different currency valuations and monetary policies currently active in Sanaa and Aden.
YPA